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The price per pound of lobster was 2.94 per pound. Due to a limited supply, this price per pound was marked up 30%. If Logan buys five pounds of lobster, how much will he pay.

Respuesta :

absor201

Logan will pay $19.11

Further explanation:

"Markup is the rise in the price of anything"

So,

Given

Price of lobster per pound = $2.94

Mark up = 30%

[tex]Mark\ up = 2.94 * \frac{30}{100}\\= 2.94 *0.30\\=0.882\\Price\ per\ pound\ after\ markup = 2.94+0.882\\=3.822\\Price\ of\ 5\ pounds = 3.822*5\\=19.11[/tex]

Logan will pay $19.11

Keywords: Markup, Profit, Discount

Learn more about markup at:

  • brainly.com/question/4522984
  • brainly.com/question/9607945

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